Units 1-3, Roman Way Retail Park, Cannock
Description
- Price Offers in excess of £5,350,000
A terrace of three prime retail warehouse units constructed in 2012, situated at the gateway to Cannock when approaching from the M6.
Total rental income of £570,205.20 per annum.
Fully let to DFS, Porcelanosa and Starplan Furniture – all rated very low risk by Creditsafe.
Total floor area of 24,524 sq ft (2,278 sq m) on a site area of 1.88 acres (0.76 hectares).
WAULT to break and expiry of 7.28 years and 7.73 years respectively, assuming a calculation date of 1 December 2024.
We are instructed to seek offers in excess of £5,350,000 (Five Million Three
Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price reflects an attractive net initial yield of 10.00%, assuming
standard purchasers costs of 6.60%, and a capital value of £218 per sq ft.
Total rental income of £570,205.20 per annum.
Fully let to DFS, Porcelanosa and Starplan Furniture – all rated very low risk by Creditsafe.
Total floor area of 24,524 sq ft (2,278 sq m) on a site area of 1.88 acres (0.76 hectares).
WAULT to break and expiry of 7.28 years and 7.73 years respectively, assuming a calculation date of 1 December 2024.
We are instructed to seek offers in excess of £5,350,000 (Five Million Three
Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price reflects an attractive net initial yield of 10.00%, assuming
standard purchasers costs of 6.60%, and a capital value of £218 per sq ft.
